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Updated Jan. 11, 2002 12:24 p.m. ET

Colombian Exports Hurt by Oil Prices

Colombia's exports in November fell 20% from a year earlier to $952.4 million, mainly due to a sharp fall in oil exports, the government's statistics office said. For the first 11 months of 2001, exports fell 4.8% to $11.32 billion. Colombia's exports of oil and oil derivatives in November fell 67% to $144.5 million, hit by lower world oil prices and declining production. Exports of coal, another of the country's so-called traditional exports, rose to $93.8 million, from $44.6 million a year earlier. Meanwhile, exports of nontraditional goods, mostly manufactured products,...